Financial Planning

If you're 'unretiring' and collecting Social Security, here's what to know before heading back to work

If you’re ‘unretiring’ and collecting Social Security, here’s what to know before heading back to work

Kelvin Murray | Getty Images A combination of record high prices and a record number of job openings has been encouraging more retirees to go back to work. The trend, called “unretirement,” rebounded this spring to pre-pandemic levels. About two-thirds, or 68%, of retirees would consider returning to work, according to a recent CNBC All-America …

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Millennials' average net worth more than doubled during the pandemic. Here’s what advisors say they should do next

Millennials’ average net worth more than doubled during the pandemic. Here’s what advisors say they should do next

andresr | E+ | Getty Images Covid-19 relief and record-low interest rates boosted many Americans’ finances during the pandemic. That has been especially true for millennials, who have on average built significant wealth. Millennials, born between 1981 and 1996, have more than doubled their total net worth, reaching $9.38 trillion in the first quarter of …

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Gen-Zers In Their First Bear Market: How They're Coping.

Gen-Zers In Their First Bear Market: How They’re Coping.

Ella Gupta made her first investment when she was 10. With the help of her parents, she took half the profits of her bracelet-making business and invested in the stock market. At 14, she opened a Roth IRA, after beginning her first job cleaning dental instruments. Now, at 17, Gupta is confronting her first bear …

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Rate resets on 9.62% interest, taxes, inherited assets: Experts weigh in on 3 tricky questions about Series I bonds

Rate resets on 9.62% interest, taxes, inherited assets: Experts weigh in on 3 tricky questions about Series I bonds

The demand for Series I bonds, an inflation-protected and nearly risk-free asset, has skyrocketed as investors seek refuge from soaring prices and stock market volatility. While annual inflation rose by 8.6% in May — the highest rate in more than four decades, according to the U.S. Department of Labor — I bonds are currently paying …

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Protecting Social Security benefits from rising inflation is high on voters' wish lists, survey finds

Protecting Social Security benefits from rising inflation is high on voters’ wish lists, survey finds

A Social Security Administration office in San Francisco. Getty Images The clock is ticking when it comes to implementing changes to shore up Social Security’s funds, which will not be able to pay full benefits in 13 years’ time. Potential voters are aware of the program’s woes, according to a June survey by Social Security …

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Some experts say a recession is coming. Here's how to prepare your portfolio

Some experts say a recession is coming. Here’s how to prepare your portfolio

Phonlamaiphoto | Istock | Getty Images Months of stock market volatility, surging inflation and rising interest rates have left many investors wondering if a recession is coming.  The stock market tumbled again on Thursday, with the S&P 500 capping its worst six-month start to a year since 1970. In all, it’s down more than 20% …

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Rolling Over Your 401(k) to an IRA Can Cost You Tens of Thousands. What to Do Instead.

Rolling Over Your 401(k) to an IRA Can Cost You Tens of Thousands. What to Do Instead.

Text size Retirement savers would do well to check the fees on fund holdings in 401(k) accounts held at former employers before rolling over to an IRA. Workplace savings plans tend to have more favorable fund fees. Piotr Adamowicz/Dreamstime.com Workers who roll over their 401(k) into an IRA when leaving their job may be setting …

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'It's like going to the DMV online': What to know about buying Series I savings bonds via TreasuryDirect

‘It’s like going to the DMV online’: What to know about buying Series I savings bonds via TreasuryDirect

Eakgrunge | Istock | Getty Images There’s been record demand for federal Series I savings bonds, an inflation-protected and nearly risk-free asset, offering an eye-popping 9.62% annual return through October. However, it’s not easy to buy I bonds through TreasuryDirect, a 20-year-old platform run by the U.S. Department of the Treasury, financial advisors say.  “It’s …

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Here’s How Much the Average Working Boomer Has Saved for Retirement

Here’s How Much the Average Working Boomer Has Saved for Retirement

Text size Dreamstime This article originally appeared on MarketWatch. Three news items that say a lot about the retirement crisis facing Americans and what we can do about it—if we want to. The first is a survey of 1,000 working Americans conducted recently showing much, or little, they have saved for retirement. And the picture …

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Why Retiring This Year Could Be a ‘Worst-Case’ Scenario

Why Retiring This Year Could Be a ‘Worst-Case’ Scenario

Text size Lightfieldstudiosprod/Dreamstime This article originally appeared on MarketWatch. This is an urgent update for anyone who has recently retired, or who is hoping to retire shortly, and who was expecting to follow one of those simple, time-tested rules for spending down their money during their golden years. Watch out. And, if possible, err on the side …

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